Nigerian businessman Ladi Jadesimi, the chairman of Aradel Holdings Plc, has seen the market value of his stake in the energy company climb by more than 29 million this year, reflecting renewed investor confidence in one of Nigerias most diversified oil and gas groups.
Jadesimi holds his shares through Badagry Creek FZE, which owns a 5.27-percent stake in Aradel, equal to 229,034,760 ordinary shares. Over the past 10 months, that stake has risen in value by about N42.14 billion 29.29 million, propelling the market value of his holdings to approximately N179.11 billion 124.48 million.
Aradels transformation fuels investor gains